American Bill McDermott to Be Sole SAP CEO

Co-CEO Jim Hagemann Snabe Will Transition Out in May

Corporate software giant SAP AG said Sunday that Jim Hagemann Snabe, who has been co-chief executive since 2010, plans to transition out of his post next May, leaving American Co-CEO Bill McDermott as sole chief of the German company.

Mr. McDermott, who has worked for SAP since 2002, will be the first American full CEO of the 41-year-old company, which makes largely invisible but critical software that helps big companies maintain...